Nvidia stock gains as William Blair reiterates Outperform rating

Published 19/09/2025, 09:28
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Investing.com - Nvidia (NASDAQ:NVDA) stock gained after William Blair reiterated an Outperform rating on the chipmaker following its historic collaboration with Intel (NASDAQ:INTC). The news comes as semiconductor industry dynamics shift, with rival Advanced Micro Devices (NASDAQ:AMD) maintaining strong market presence with a $256 billion market capitalization and solid financial health, according to InvestingPro data.

The partnership, announced Thursday, will integrate Intel’s CPUs into Nvidia’s NVL72 racks using NVLink technology. Nvidia will also provide GPU chiplets for integration with Intel’s CPUs to address a broader segment of the PC market.

As part of the agreement, Nvidia is investing $5 billion to purchase approximately 215 million Intel shares, representing a 4% ownership stake in the company.

William Blair views the partnership as beneficial for both companies, with Intel gaining a new data center customer and funding for its foundry goals, while Nvidia expands into the x86 ecosystem and the integrated GPU PC market, which represents 70%-80% of the total PC market.

The collaboration increases Nvidia’s total addressable market by approximately $50 billion according to CEO Jensen Huang, and intensifies competitive pressure on rival Advanced Micro Devices (NASDAQ:AMD).

In other recent news, Nvidia has announced a significant collaboration with Intel, investing $5 billion to take a 4.9% stake in the company. This strategic partnership involves Nvidia and Intel developing custom data center and PC products, with Intel building custom x86 CPUs for Nvidia’s AI infrastructure. Nvidia will also integrate its NVLink technology into the CPU-GPU platform, and both companies will work together on marketing strategies for new AI solutions. Meanwhile, DA Davidson reiterated its Buy rating for Nvidia, maintaining a $210 price target.

In another development, AMD has seen mixed reactions from analysts. Piper Sandler has reiterated its Overweight rating on AMD, citing optimism about the company’s business prospects through the second half of 2025 and into 2026. However, Erste Group downgraded AMD from Buy to Hold, expressing concerns about the company’s operating margins, which are reportedly lower than the sector average. Despite AMD’s outlook for growth in 2025, Erste Group pointed out that AMD’s recent EBIT margin was slightly negative and noted a high P/E ratio relative to its return on equity.

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